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3 O. _5 t2 ~7 l: H. kEDMONTON JOURNAL MAY 8, 2013( V Y6 Z' E/ p: d$ `" l
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.! [$ k$ j+ H4 r) e1 ^# W
Photograph by: John Lucas, file , Edmonton Journal
8 O/ {/ \2 p& F1 gEDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.: _- ?: {. z6 F1 K$ T. J
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Builders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.0 d; Q( T8 F" {8 ?
5 B- o( x* L. a/ B$ Z$ lHousing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.
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“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”5 [# @2 |* O$ Q+ _
$ R/ s% Q3 x3 k: Z! y: u: X. {In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.! N2 P" S$ ]3 N7 E$ f6 Y
! y, ^$ U' |4 vThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.; c: h. t( p: k+ J7 Q8 R8 L
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Consumers remain confident despite a moderating pace of economic growth, he said.+ s+ V1 L$ ]- o& _9 z
) ^+ v7 v3 k* C7 o! H) c7 e“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said. o1 Q/ |5 D& J3 i( ~) _
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